Smart Technology Inc

This is a discussion on Smart Technology Inc within the First Steps forums, part of the Reception category; Yes, you know the old adage "Being paranoid does not mean they're not out to get you" FF...

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Old Feb 10, 2006, 8:17pm   #25
 
FergusonsFollies's Avatar
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Yes, you know the old adage
"Being paranoid does not mean they're not out to get you"
FF
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Old Feb 10, 2006, 8:37pm   #26
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If you don't want to get scammed it's got nothing to do with 'knowing' nothing about finance or business BUT everything to do with being cynical when money is involved.

Strangers DO NOT 99.99% of the time call out of the blue offering people 'easy profits'.

So at the end of the day it comes down to COMMON SENSE and RESEARCH. This is why with the internet over 80% of those scammed could have saved their bacon by spending an hour or so Googling.

This is THE main reason why I always comment on these threads so as to create more information for the search engines to latch onto. Those that do their research on the internet are likely to find pages and sites like this and so better understand just what they're getting themselves into.
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Old Feb 10, 2006, 11:14pm   #27
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Quote:
Originally Posted by anley
If you don't want to get scammed it's got nothing to do with 'knowing' nothing about finance or business BUT everything to do with being cynical when money is involved.

Strangers DO NOT 99.99% of the time call out of the blue offering people 'easy profits'.

So at the end of the day it comes down to COMMON SENSE and RESEARCH. This is why with the internet over 80% of those scammed could have saved their bacon by spending an hour or so Googling.

This is THE main reason why I always comment on these threads so as to create more information for the search engines to latch onto. Those that do their research on the internet are likely to find pages and sites like this and so better understand just what they're getting themselves into.
to me it was the same with langbar, investors thinking they were getting shares worth £2 odd for 50-80p. as you say do your own research. with that company there wre plenty of investors with negative thoughts but they were shouted down on the bulition boards. as they say you get nowt for nowt.
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Old Feb 14, 2006, 2:49am   #28
 
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I originally bought Smart Tech via Omega Equities, have received share cert, and having done a bit of checking (far too late) had decided to write it of to experience. However have just received further mail with shareholder voting sheet to return to smart Tech in USA. Now totally confused - do I have the shares or not? Why send Cert and later on, voting docs if a scam. Any idea how to find out if genuine or not. Mine were originally $7, states on website further stock at $8.50 available. Also done through Amgrove as per previous posts.
regards to all
I.V.
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Old Feb 14, 2006, 6:18am   #29
 
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One way to see if it's a scam... You bought at 7, they're now at 8.50.
See if you can sell them back and take your profit.

Shareholder voting sheet?
If you vote (ie. fill in the form and send it off) how will you know if your vote has been effective?

Further stock is available?
Of course it is... who pays for it? The people who have already paid and (want to) believe in it, that's who.

Amgrove has ties to various 'organisations' which purport to be selling shares in various businesses - too many 'variouses' if you ask me. Why would money for services from "Wellington Duke" go to the same bank account as that of "Omega Equities"?
Where does Omega claim to be based? Check it out. If nothing else is known, start with the FSA - they will hwlp, if only with telephone numbers to widen the search.

By the way, Smart Tech does exist and they have a pretty impressive website, AND they're registered with the SEC in the USA. Check out their listing there. They say that they may never earn any income.

Last edited by FergusonsFollies; Feb 14, 2006 at 6:23am.
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Old Feb 14, 2006, 3:13pm   #30
 
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F.F.
I think it is still in the IPO stage so there is no active price currently, my main concern is whether I am an actual share holder or not. I originally thought not (scam), but then why would I receive the voting sheet, that's the bit that's puzzling me. I'm now thinking -perhaps it is ok and I'll sell when (if) they come live. (Who cares at what price -I'd written them off but $8.50 would be fine!!) If I were to email investor services at S.Tech would they tell me if I'm on the shareholders list? Lots of questions...that's why I have a suitable handle...thanks for reply above -appreciated.

IV.
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Old Feb 14, 2006, 8:15pm   #31
 
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Quote:
Originally Posted by Investalvirgin
F.F.
I think it is still in the IPO stage so there is no active price currently, my main concern is whether I am an actual share holder or not. I originally thought not (scam), but then why would I receive the voting sheet, that's the bit that's puzzling me. I'm now thinking -perhaps it is ok and I'll sell when (if) they come live. (Who cares at what price -I'd written them off but $8.50 would be fine!!) If I were to email investor services at S.Tech would they tell me if I'm on the shareholders list? Lots of questions...that's why I have a suitable handle...thanks for reply above -appreciated.

IV.
I. V.
I don't really know if you are a shareholder or not. I have seen very long lists of supposed shareholders - can't remember if it was on the American SEC site (I doubt it) or connected to S. T. site or perhaps even the Wellington-Duke site.
The point is probably that S. T. may never float - they state that they may never earn anything in their SEC statements and amendments to statements.
If you can trace whether or not the voting sheet actually came from S. T. or from your "advisory" group, you may be a little wiser.
I'd be interested to know where Omega claims to be based. Do you have an address? I have a contact in the Swiss government who could possibly shed light on that, if they claim to be in Switzerland.
Anyway, check out everything you can and post the results. That way, we all become a little wiser. Good luck
FF
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Old Feb 15, 2006, 4:09pm   #32
 
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send copies

Quote:
Originally Posted by Investalvirgin
I originally bought Smart Tech via Omega Equities, have received share cert, and having done a bit of checking (far too late) had decided to write it of to experience. However have just received further mail with shareholder voting sheet to return to smart Tech in USA. Now totally confused - do I have the shares or not? Why send Cert and later on, voting docs if a scam. Any idea how to find out if genuine or not. Mine were originally $7, states on website further stock at $8.50 available. Also done through Amgrove as per previous posts.
regards to all
I.V.
Why not send copies of the certificates to Smart Tech and ask if your registered address is the one you have.
Good luck.
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